There is a simple reason why PayPal won’t allow this. There are many chargeback cases created by scammers who use PayPal to purchase Bitcoin from you and then they claim that they didn’t receive anything. This way they get to keep their Bitcoins and their money. Check this short video that illustrates this.

But first thing first, there are no ways to buy Bitcoin with PayPal directly because Bitcoin transactions are irreversible. However, there are certain indirect ways to work around restrictions using services and marketplaces so that you are able to purchase Bitcoins using PayPal money.

In this tutorial, I have highlighted some of the best ways by which you can buy Bitcoins using your PayPal account.

There are exchanges that allow you to buy Bitcoin with your PayPal account. However, you can buy it in a limited fashion because they too want to protect themselves from chargebacks. After you’ve proven your intent and investment, these exchanges eventually lift holds. Of course, they charge a small transaction fee. However, it’s better to pay a fee than having to take risks with wire transfers or cash exchanges.

Here are all the listed sites from where Bitcoins can be bought using PayPal:

Wirexapp is one of the best ways for those who are looking to purchase Bitcoins with their PayPal account on a consistent basis. This method would take 1-2 days for the first time. After that it’s all instant. You will be able to use your PayPal funds to Buy Bitcoins if you follow the steps mentioned in this tutorial. Wirexapp can be used for PayPal accounts within these countries:

You need a WirexApp account to get started. Click here to create an account.

You get a free virtual visa card when you create and verify your account. (You can also order Physical Visa card, but let’s focus on the fastest method for now).

You need to add a small amount ($3) to your virtual visa card from Wirexapp in order to use this method. It’s very important to add the card to your PayPal account.

Login to your PayPal account

Click on Money

Click on Add a card

Click on Add a new card.

You will enter here the virtual debit card detail that you got from Wirexapp.

You will be asked by PayPal to confirm the new card. Click ‘Confirm my card’ and PayPal will begin a series of transactions to verify your card, which is a standard practice by PayPal that they use to verify an account. This is where your balance of $3 will be used (I will talk about this later). You will then be asked to enter a PayPal Code.

Now, login to your Wirexapp account. Under transaction you will find the confirmation code to verify your debit card.

Confirm the code. After that, you will see a success message like this.

Click on close. Now you are all set to start buying Bitcoins with your PayPal account. Now all you need to do to buy Bitcoins using your PayPal money is to withdraw money from your PayPal account to linked Wirexapp debit card, which usually takes between 1-7 days.

Once your funds are withdrawn to your linked card, you can use Wirexapp interface to Purchase Bitcoins. This is one of the best ways for those who are looking to use their PayPal money for buying Bitcoins at market rate, and all other methods usually cost you extra for Bitcoin purchase.

Use Wirexapp to get your first free virtual debit card (VISA powered) (if you are in the countries listed above), and use it to buy Bitcoins using PayPal money.

Click on withdraw under my account. Add your Bitcoin Wallet address on the next page.

Note: You will be charged a handling fee of 0.004 BTC per withdrawal. Most Bitcoin withdrawals are processed instantly. However, new accounts are checked manually and they will be processed within 48 hours. When the withdrawal has been processed, you will receive an email confirmation.

Considering the exchange rate and the fees, the overall BTC that you will get using PayPal money is minimal. But again, for those who are looking to purchase Bitcoins with their PayPal account, this is one of the most verified and authentic way.

There are other ways too by which you can buy Bitcoins using PayPal. However, they are not as risk free as one offered by VirWox.

Paxful is another popular way for users who want to buy Bitcoins using PayPal, Gift cards, Skrill, Payoneer to name a few. Paxful is similar to LocalBitcoins, but with cleaner user interface.

The process of purchasing Bitcoins at Paxful is really simple:

Create an account

Choose a payment method for purchasing

Choose a desired amount

Choose your seller – You can either let Paxful decide who is the best seller for you or choose a seller manually.

Once the trade initiates you will be sent in to an online chat with the seller to finalize the deal. The seller’s Bitcoins will be sent into Escrow and they will be released into your account once you mark that you’ve sent your payment. It’s important to note that if the deal isn’t finalized within a certain timeframe (usually 30 minutes), it will be auto-cancelled.

Conclusion

I will keep testing new methods that let us purchase BTC using PayPal, and I’m currently testing LakeBTC for BTC purchase with PayPal.

For now, you should try one of these two methods to purchase Bitcoins instantly using your PayPal account.

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